This Product says limited lifetime warranty what does that mean

Hi Shaun here is the warranty staement it basically means we warranty the item from defects but not from normanl wear and tear from being used. Hope that helps Ron at ron.kipper@idealindustries.com LIMITED LIFETIME WARRANTY – This product is guaranteed to be free from defects in material and workmanship for as long as you own this product. A defective product will be repaired or replaced, at IDEAL’s option, free of charge (excluding shipping charges). Warranty excludes replaceable component parts, normal wear and tear, and defects caused by abuse, misuse, neglect, alterations or accidents.